Pow.re Corporation, a proof-of-work digital mining and fintech company with headquarters in Montreal, Canada, raised $9.2 million in Series A fundraising at a US$150 million post-money valuation. In addition, the company had recently received 18 million dollars in strategic funding.
Pow.re Corporation Raises $9.2 Million in Series A Funding Round
Haru United Pte Ltd. (a holding company of the asset management platform haruinvest.com) led the financing round. In addition, the round was joined by Trinito Corporation, RFD Capital Pte Ltd, and many others.
The funding will be put to use carrying out the startup’s counter-cyclical ASIC acquisition and infrastructure expansion strategy, which includes making the most of current Canadian facilities and developing new HDC facilities.
On the other hand, Anthony Levesque, a former vice president of operations of Bitfarms, and Carson Smith, the CEO of SBI Crypto, have joined the startup’s advisory board. Their knowledge of digital assets will help the corporation grow in the future.
About The Corporation
For the sector of digital assets, the corporation provides high-density computing centers and financial services. The corporation is a proof-of-work digital miner that uses HDC data centers to generate hashing power close to sustainable stranded energy sources. The company uses its expanding private hashing power to commoditize the hashing power market, enable hedging, and facilitate investment.
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